Amendments in various statutory rules of Small Savings Schemes by Ministry of Finance ( DEA) regarding : Department of Post

Amendments in various statutory rules of Small Savings Schemes by Ministry of Finance ( DEA) regarding : Department of Post.

Revised Cash loading transaction particulars and RA Procedure in DOP Finacle

Cash loading transaction particulars and RA Procedure in DOP Finacle - Revised

Procedure to be followed by post offices attached with ATMs on the day of cash loading in ATM machines: 

1. After handing over cash to CRA, counter PA should make entry in 
HXFER menu.
Debit ATM cash account SOL id+ 0006 and
Credit 56000100 (Bangalore GPO) + 0007.
In the Transaction Particulars column enter the details as -
Cash loading - ATM ID- dd/mm/yy.
Note down the TRAN ID.
Supervisor should verify the entry. 
2. Send the cash loading details to in the following format in the main body of the email with out any attachments. (Do not send the scanned copy of RAs as the same is no more required by Bangalore GPO team)
Amount loaded in ATM (in Rs.)

Date of cash loading

TRAN ID for cash loading entry in HXFER menu

RA sent to GPO vide Regd Post no. (Non CSI offices)

Date of dispatch of RA  (Non CSI offices)
3. After sending the mail, dispatch the hard copy of RA addressed to 
Chief Postmaster 
Treasury branch 
Bangalore GPO 
Bangalore – 560001 
4. In case of CSI offices, please follow the instructions as per point no 1 and 2 only.

AIAIPASP ODISHA writes to CPMG on Inspection Questionnaire for CBS HOs/SOs

No. AIAIPASP/Corr-1/07/2017
Date: 06-11-2017

Dr. Santosh Ku. Kamila, IPoS
Chief Postmaster General
Odisha Circle, Bhubaneswar-751001

Sub:- Regarding Inspection Questionnaire for CBS HOs/SOs. 

Respected Sir, 
Inspection Questionnaire for CBS HOs/SOs has been issued vide Department of Posts (Inspection Unit) No.16-1/2017-inspn dated 21-08-2017. In Inspection Questionnaire of CBS SO, there are many reports which are to be tallied online in the Finacle. First of all the Inspectorial Staff are not aware about the menus to be used as they have not been trained to verify the reports online. Secondly, it is understood from the master trainers in the Circle, certain reports which are supposed to be verified online in Finacle are not accessible. Therefore, the master trainers may kindly be asked to prepare a training material incorporating the CBS Menus according to the Inspection Questionnaire for CBS HOs/SOs which will be helpful at the time of training to Inspectorial Staff as discussed in the last four monthly meeting. 

There are also some other concerns for the Inspectorial Staff in the Inspection Questionnaire for CBS HOs/SOs. For example, as per para-12 Inspection Questionnaire of CBS SO, SB-46 is to be issued for all TD Accounts in C class offices. The time allotted for inspection of C Class NDSO is one day and for C class DSO it is two days. It is no secret that to achieve the target on opening of TD Accounts, opening of small amount of TD Accounts is being emphasized. It is time consuming to find out the Account No., balance, full address of the TD Account holders in Finacle and issuing of SB-46 thereafter. It is, therefore, practically not possible to complete the inspection in the allotted time for C class SOs. Further, there is no clarity if in case of a C Class Delivery SO having Branch Post Offices, if the TD Accounts opened at BO are to be excluded from issuing SB-46 at the time of inspection of the SO or otherwise. In the opinion of this Association, there should be limitation like issuing of SB-46 in C Class SOs for the TD Accounts opened since date of last inspection (DLI). 

Further, in the meantime a number of additions and alterations to Inspection Questionnaire has been issued. It is very difficult to collate the Inspection Questionnaire while doing inspection. Issuing of a compiled Inspection Questionnaire is the need of the hour. 

On behalf of this Association, I to request your good self to consider the above concerns and suggestions of this Association and for onward submission of the feedback of the Circle to Directorate. 

With deep regards,

Yours sincerely,

(Pitabasa Jena)
Circle Secretary

Finacle : Closing of RD Account if loan exists.

Closing of RD Account if loan exists.

Premature Closure ( If 60 months not elapsed from date of opening)

Invoke the RD Closure menu CRDCAAC from Operator Login. System will automatically deduct the RD Loan amount and interest will be calculated on SB Rate of interest as per rule. Loan interest will not be calculated. RD Loan account balance will become 0 but will not be closed. Loan account with Zero balance should be remained as it is and not closed. No need to invoke HLAUPAY or HPAYOFF for repaying the Loan amount.

On Maturity ( If 60 months elapsed from date of opening)

RD Loan amount should be adjusted before closing the RD account. Invoke the menu HPAYOFF (Loan Pay Off Process) to pay the pending principal along with interest. Interest will be calculated at the prescribed rate. Total amount displayed to be collected from the customer. In case of transfer, select the repayment account of customer or office account from where the loan amount is adjusted. Supervisor need to verify the same. Invoke the menu HCAAC to close the RD Loan account and verify the same. Invoke the menu CRDAAC to close the RD Account.

Senior Citizens Savings Scheme (SCSS)

Post Office Senior Citizens Savings Scheme has been notified with effect from August 2, 2004. The Scheme offers a new avenue of investment and return for Senior Citizen. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
Salient features of POSCS (Post Office Senior Citizens Savings) Scheme


Any citizen, who has attained age of 60 years or above on the date of opening of the account.
Who has attained the age 55 years or more but less than 60 years and has retired under a Voluntary Retirement Scheme or a Special Voluntary Retirement Scheme on the date of opening of the account within one month from the date of receipt of financial benefit.
No age limit for the retired personnel of Defence services provided they fulfill other specified conditions.
A depositor may open the account in his individual capacity or jointly with spouse.
The accounts may be opened singly or jointly with spouse.
More than one account can be opened provided the total amount deposit does not exceed the prescribed limit.
Eligible applicants can open account by submitting application on Form A.
Non-residents and HUFs are ineligible to open the account under the scheme.
In case of cheque, the date of realiz​​ation of cheque in Govt. account shall be date of opening of account.
Minimum amount
Rs. 1,000/-
Maximum amount
Rs. 15,00,000/- (Rs. fifteen lakhs). In case of retiring employees the amount cannot exceed the amount of retirement benefits.

Maturity period
Five years

The depositor may extend the account for a further period of 3 years by submitting application on Form B
Nomination facility
A depositor may change nomination by submitting application on Form C.
Interest Rate
Upto 31.03.2012
9.00% per annum
01.04.2012 to 31.03.2013
9.30% per annum
01.04.2013 to 31.03.2014
9.20% per annum
01.04.2015 to 31.03.2016
9.30% per annum
01.04.2016 to 30.09.2016
8.60% per annum
01.10.2016 onwards
8.50% per annum
Interest is payable quarterly on 31st March, 30th June, 30th September and 31st December.
If the interest payable every quarter is not claimed by a depositor, such interest do not earn additional interest.

Mode of payment of interest
In case of SCSS accounts, quarterly interest shall be payable on 1st working day of April, July, October and January. It will be applicable at all CBS Post Offices.
Premature withdrawal
In case the account is closed after expiry of one year but before expiry of two years from the date of opening of the account, an amount equal to 1.5% of the deposit shall be deducted and the balance paid to the depositor.
Premature closure is allowed after one year on deduction of 1.5% interest & after 2 years on deduction of 1% interest.
Application for premature closure of the account may be submitted on Form E.
No deduction shall be made in case of premature closure of an account at any time due to death of a depositor. Application for premature closure by spouse (Joint Holder)/nominee(s)/legal heirs of the account may be submitted on Form F.
Tax benefits
Investment under this scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

Interest Taxability
Other features
The Account can be transferred from one post office to another

SB Order 17/2017 : Department of Posts

Making Mobile Phone Number MANDATORY while opening of a new account in any of the P.O. Small Savings Schemes : Department of Posts.

Changes in Salary/ Pension Upload in


As you are aware a menu was deployed in Finacle to ensure upload of salary and pension files in the encrypted form and thereby prevent users from uploading incorrect files/incorrect transactions. This was one of the fraud prevention measures undertaken. 

The required changes have also been made in the Meghdoot package for generation of the encrypted files. The requirement was for salary/pension uploads to be handled using HTTUME menu only. The functionality of this menu is same as HTTUM menu presently used except for the input file. 

It is noticed that majority of the Salary/ Pension uploads are still happening through HTTUM instead of HTTUME. 

HTTUM menu should be used for DBT credits only by those HOs who are not yet migrated to APBS/NACH for DBT processing. 

In view of above, HTTUM uploads done for any other accounts will be treated asviolation of rulings / attempted misappropriation .

It is requested to kindly issue directions to all concerned Post Offices accordingly.

​With Regards.
Sachin Kishore,
Dak Bhawan,
Sansad Marg,
New Delhi
Ph 23096101, 23036668